Climate Finance Negotiations

This is a Canada news story, published by Global News, that relates primarily to COP29 news.

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climate finance negotiations

Global News

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As COP29 starts, what is Canada’s role in climate finance negotiations? - National | Globalnews.ca

Summary

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70% Informative

The 29th annual United Nations climate conference, or COP29 , kicks off in Azerbaijan ’s capital, Baku .

Canada and 22 other high-income countries are responsible for about half of estimated global emissions since the mid-19th century .

On a per-capita basis, Canada is among the most polluting countries in the world.

Canada in 2021 doubled its international climate finance pledge to $5.3 billion over five years .

A possible roadblock to figuring out how much wealthy countries owe, some observers say, may be who needs to pay.

Wealthier countries, including Canada , are suggesting that China and some Gulf states, for example, should be required to contribute to the new climate finance goal.

There’s concern that some wealthy countries may wield those arguments in a bad faith effort to shirk their responsibilities.

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semi-formal

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English

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